It is well known that regulatory risk can be associated with various aspects of a transaction: the goods being traded, the buyers and sellers (and their affiliates), the cities and ports along the shipping route and the shipping vessels themselves.
RiskCenter | Trade Compliance allows users to conduct routine checks on all key aspects of a transaction to ensure compliance with sanctions and dual use goods regulations:
Check the goods
Best-in-class dual-use goods data provides coverage of all major export control regimes.
- More accurate matching
Specialised research methodology surfaces match phrases that strongly correlate to the actual terms used to describe dual-use goods in letters of credit, bills of lading and other trade instruments.
- Quickly investigate a true hit
Goods search results provide the full context in situations where a bill of lading has a goods code but no textual description of the goods.
Check the origin and destination
Coverage is available in multiple languages and includes sub-regions, cities, seaports, airports and free trade zones in sanctioned countries and regions.
Check the parties involved
Sanctions and other official lists relevant to trade counterparty risk, include, but are not limited to, Japan’s Ministry of Economy, Trade and Industry (METI) End User List, the Bureau of Industry and Security (BIS) Denied Persons List, the BIS Entity List, the BIS Unverified List, the U.S. Defense Trade Controls Administratively Debarred Parties and the U.S. Defense Trade Controls Debarred Parties List.
Check the vessel
Check for vessels that are explicitly sanctioned, as well as ships that are not sanctioned but are linked to comprehensively-sanctioned countries. With the partnership between Dow Jones and Pole Star, RiskCenter | Trade Compliance offers enhanced vessel screening & monitoring.
Access Pole Star’s PurpleTRAC directly from the RiskCenter | Trade Compliance portal to see a ship’s comprehensive voyage history, screening checks and voyage events.
Screen a ship and its associated ownership and management against:
- Global sanctions from Dow Jones: International sanctions, denied parties and enforcement action lists
- Country sanctions: The ship’s flag state and countries of registration domicile and control for other associated companies
- Port state control: The ship’s entire Port State Control history
- Ship movement history: The ship’s historic movements, highlighting visits to high-risk or sanctioned ports
Monitor multiple ships continuously or on a single-voyage basis:
- Daily screening: Automatic, daily re-screening of ships and associated companies
- Detection and alerts: Notifications for high-risk activity, e.g., entry to a blacklisted port
- Customisable features: Screening parameters, including country and port blacklists
- Position data: AIS and Inmarsat position data combined into a single coherent trail